Fantom broke out a few hours ago on a Falling Wedge with a price target of $2.31. At the moment of typing, the bulls are somewhat held back by the bears at $2.15. This is then the 4x that the resistance line is put to the test so who knows, it might work now. If it turns out positive and the bulls manage to break through the $2.31, there is room to move to an ATH...
in the previous post, the price was in an Ascending Right Angled Broadening Wedge. Support was broken and the $2 dollar support zone has bounced it off again for now. The bulls have brought the price to the $2.3 so that a symmetrical triangle is more or less in the making. From the $2.3 dollar we hopped into a little downtrend, where a small Falling wedge is ...
If we look back at my previous post, the bears have managed to push the price down considerably I then called towards $3150 but the bulls failed to hold the support there too and we made a fall with an outlier to $2651. From there we are almost in a sideways course and waiting for another move. I made the chart at 12 o'clock because we can see the trends very...
Cardano The right shoulder on the head and shoulder pattern was not broken and so the bears were able to bring the price to the price target around 2 dollars. Where in the first instance the course was well caught and at descent number 2 even ground seemed to be lost. But the bulls have managed to get it above 2 dollars again. You can also say that in this phase...
After the previous post of ETH, the Bulls broke out of the upward triangle and encountered the Bears near $4000 dollars causing the price to fall and forming a smaller version of the Cup n Handle. This time not with an Ascending Triangle in the Handle *(as shown on the large cup n handle on the day chart)* but a Symmetric Triangle. This makes it a little more...
Last time a Descending Broadening Wedge which broke out but after the breakout the volume was nowhere to be seen, in fact the volume even decreased/decreased and almost falls into a slight falling wedge. Zooming out on the chart I come across something that looks like 3 mountains (HH - HH - LH). In general, 3 of those mountains are mostly Bearish and keep an eye...
After Lucid Motors had set a high top again in early July, it has since then started a decline (-13% in a month), a Head and Shoulder pattern has also developed in the months of June/July formed which has reached its price target and has even gone a little deeper. This decline fell nicely into a Descending Broadening Wedge. at the bottom, an upward triangle forms...
**BINANCE: ALGOUSDT 2H HEIKIN ASHI** ALGORAND at the 2 o'clock shows a clear resistance at the top. With the ascending higher bottoms you could therefore say that an Ascending Triangle / upward triangle is formed (usually bullish). You can clearly see that within the pattern the pressure on the support is greater than the pressure against the resistance... so...
Vechain at the 4 o'clock shows on the bigger picture a Broadening Wedge where the top has already attempted a breakout but the support (formerly resistance) has failed to hold. The Bears were somewhat represented about that and managed to bring the price down quite a bit. Now that an M pattern (bearish) is visible in the possible falling wedge formation, I am...
The Bears have pushed the price out of the trend channel and has now been caught by the Bulls for the 3rd time on the support line. You can now say that we have gone sideways and that the buying and selling power is approximately equal in this phase, or the price is consolidating and waiting for a breakout. I think we'll find out pretty soon how that outbreak...
this is a zoomed in chart from the daily.. so should check that one as well ! If we look at the 4 hours zoomed in on the Handle, it seems to be breaking out already. I would like to see it rise above $317 and continue to race towards the neckline cupline around $351. if it doesn't break through the USD 317 level, we may see a further drop to test the USD 267 zone...
Kusuma on the day... A Cup & Handle seems to be in the making, we see this pattern regularly at the moment, one of which works out better than the other. So although the bottom of the cup does have a jump in it, it certainly makes sense to keep an eye on the development of this, precisely to see how the possible handle develops. ideally dropping to 1/3 (75% line)...
PolkaDot on the 4 hour chart is a Rising Wedge which has broken out up to 2 times but without success. Around the $29 dollar zone, the Bears have reversed the trend and we have entered a Descending Broadening Wedge. Divergence has been spotted leading to the current upswing, but I'm apprehensive as the previous lower high didn't look very strong. should we break...
This chart will tell for its self.. Its break out up or down .. The patterns like the cup n handle could give bullish momentum !
Ok so Appharvest caught my eye in the stock market.. in the present time and the developing in the world CO2 emissions and such i think a company like AppHarvest could be a game changer. Vertical Farming Co2 Neutral farming etc etc. Anyways back to the charts.. On the bigger picture looking at a Falling Wedge and i think we hit the bottom or somewere in the...
Looking at the day a simple Double Bottom W pattern The divergence is present, EMA12 and 26 has crossed the EMA200 again so a few bullish signals in overal. But we're not there yet! Bulls need to complete the pattern and break the $2340, then a price towards $2860 can just be put back on the radar. i've just posted an falling wedge on the 12H as well.. so both...
On the 12H a not very nice Falling Wedge but the support and resistance lines are clearly visible. There is an above-average volume breakout on this pattern and last night there was another breakout at the hour where a Descending Broadening Wedge has significantly surpassed its price target, so it could just be that there could be another re-trace / pullback...
BINANCE: AAVEUSDT 4H HEIKIN ASHI (keep in mind that the text was made yesterday but forgot to post here as well) Like many Alts, AAVE has had a hard time since May 18 with Beren who have been able to give the price a big blow. They have managed to bring the price down to about -75% until the last week of June. Since then, the Bulls have shown a bit of their own...